AdaptHealth (AHCO) Net Margin (2019 - 2026)
AdaptHealth's Net Margin was -18.09% in Q2 2026, down 20.32 percentage points from 2.23% a year earlier and down 16.13 percentage points from the prior quarter.
Powered by 
Analysis
AdaptHealth (AHCO) Net Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, AdaptHealth's Net Margin was -7.07% through Jun 30, 2026, down 9.67 percentage points year-over-year; for FY2025, it was -2.18%, down 4.95 percentage points from FY2024.
- Net Margin shows a five-year change of +13.12 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 2.77% in FY2024 (+23.99 pp), -21.21% in FY2023 (-23.55 pp), 2.33% in FY2022 (-3.44 pp) and 5.78% in FY2021 (+21.08 pp).
- The Q2 2026 figure marks the lowest quarterly Net Margin since Q4 2023.
- Compared with a year earlier, Net Margin has declined for three straight quarters, with an average year-over-year change of +6.85 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q3 2024 (a gain of 59.31 percentage points); the worst was Q3 2023 (a drop of 58.43 percentage points).
- Per Business Quant data, AHCO's Net Margin in the three quarters before Q2 2026 was -1.96% (Q1 2026), -12.14% (Q4 2025) and 2.99% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 93.06 Bn | 92.50 Bn | - | 8.40% |
| 2 | Natera | 59.36 Bn | 55.04 Bn | 485.19 Mn | -8.90% |
| 3 | Quest Diagnostics | 25.72 Bn | 24.15 Bn | 1.03 Bn | 10.52% |
| 4 | Labcorp Holdings | 24.93 Bn | 22.69 Bn | 1.11 Bn | 8.01% |
| 5 | Guardant Health | 23.83 Bn | 19.89 Bn | 219.03 Mn | -35.87% |
| 6 | Tenet Healthcare | 20.58 Bn | 11.72 Bn | - | 14.68% |
| 7 | Tempus AI | 14.35 Bn | 11.38 Bn | 246.50 Mn | 1.48% |
| 8 | Encompass Health | 11.99 Bn | 12.46 Bn | - | 9.63% |
| 9 | BrightSpring Health Services | 11.21 Bn | 9.55 Bn | 492.75 Mn | 2.18% |
| 10 | AdaptHealth | 768.76 Mn | 498.80 Mn | 104.21 Mn | -18.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -18.09% |
| Mar 31, 2026 | -1.96% |
| Dec 31, 2025 | -12.14% |
| Sep 30, 2025 | 2.99% |
| Jun 30, 2025 | 2.23% |
| Mar 31, 2025 | -0.93% |
| Dec 31, 2024 | 5.87% |
| Sep 30, 2024 | 2.84% |
| Jun 30, 2024 | 2.41% |
| Mar 31, 2024 | -0.27% |
| Dec 31, 2023 | -29.65% |
| Sep 30, 2023 | -56.47% |
| Jun 30, 2023 | 1.76% |
| Mar 31, 2023 | 2.11% |
| Dec 31, 2022 | -0.33% |
| Sep 30, 2022 | 1.95% |
| Jun 30, 2022 | 1.77% |
| Mar 31, 2022 | 5.41% |
| Dec 31, 2021 | 3.01% |
| Sep 30, 2021 | 8.13% |
API Access
AdaptHealth Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=AHCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "AHCO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=AHCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();